Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF CASH FLOWS

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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
Mar. 31, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Cash Flows from Operating Activities:            
Net income       $ 11,015,318 $ 5,315,873  
Adjustments to reconcile net income to net used in operating activities:            
Fair value of private warrant liability in excess of proceeds         771,333  
Offering costs attributable to warrant liabilities         645,069  
Interest earned on marketable securities held in Trust Account $ (1,560,069)   $ (5,301) (2,078,248) (12,561)  
Non-cash change in fair value of derivative liability - public warrants (821,100)   (3,243,000) (5,416,500) (4,416,000)  
Non-cash change in fair value of derivative liability - private warrants (706,066)   (3,026,000) (4,657,666) (3,738,000)  
Non-cash change in fair value of convertible promissory note - related party 3,649   29,648 (34,726) 29,648  
Changes in operating assets and liabilities:            
Prepaid expenses       235,562 (493,980)  
Accrued expenses       (337,990) 312,123  
Income taxes payable       365,551    
Net cash used in operating activities       (908,699) (1,586,495)  
Cash Flows from Investing Activities:            
Investment of cash into Trust Account         (345,000,000)  
Net cash used in investing activities         (345,000,000)  
Cash Flows from Financing Activities:            
Proceeds from sale of Class A common stock to public, net of underwriting discounts paid         338,100,000  
Proceeds from sale of Private Placement Warrants         8,900,000  
Payment of offering costs         (530,658)  
Proceeds from convertible promissory note - related party       600,000 750,000  
Proceeds from promissory note         107,197  
Repayment of promissory note         (107,197)  
Net cash provided by financing activities       600,000 347,219,342  
Net Change in Cash       (308,699) 632,847  
Cash - Beginning   $ 461,064   461,064 20,000 $ 20,000
Cash - Ending 152,365   $ 652,847 152,365 652,847 $ 461,064
Supplemental disclosure of non-cash financing activities            
Change in value of Class A common stock subject to possible redemption $ 1,560,069 $ 28,158   $ 2,078,248 30,103,030  
Deferred underwriting discount         $ 12,075,000